Economy
Sweden's annual inflation rate rises to over 3-decade high
Consumer prices surge 10.8% year-on-year in September on higher prices of electricity, food and non-alcoholic beverages
Tuba Sahin |
13.10.2022 - Update : 13.10.2022
ANKARA
Sweden's annual consumer inflation rate rose to 10.8% in September, the highest reading since December 1990, the country's statistical office said on Thursday.
The September figure, up from 9.8% in August, came above market forecast of 10.5%.
The surge stemmed from higher prices of electricity, and food and non-alcoholic beverages, according to Statistics Sweden.
Electricity prices rose 54% in September compared to a year ago.
Food and non-alcoholic beverage prices jumped 16.1% year-on-year in September, the largest rise since August 1981.
On a monthly basis, Sweden's consumer prices index increased 1.4% in September, slowing down from a 1.8% rise in August.
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